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Silver Chartbook - Silver, The Race Is On

Florian Grummes profile picture
Florian Grummes


  • Silver seems to be a good insurance play for wealth preservation.
  • A closer inspection of the monthly chart provides compounding evidence of the long-term bullish trend in Silver.
  • Short-term, Silver might provide one more low-risk entry spot in the early days of next week.
  • Historically, Silver never got prohibited. Hence, it seems to fit the bill the best, both in wealth preservation and wealth creation.

Silver bar, ingots and coins on financial report. Growth of silver on stock market concept.
Bet_Noire/iStock via Getty Images

Russia now holds more value of Gold (XAUUSD:CUR) in its reserves than US-Dollar! Russia reduced its dollar holdings by nearly 50% within the last three years. We find this strong evidence of currency devaluation over a more

This article was written by

Florian Grummes profile picture
Florian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 25 years of experience in financial markets. Via Midas Touch Consulting he is publishing weekly gold, silver, bitcoin & cryptocurrency analysis for his numerous international readers. Florian is well known for combining technical, fundamental and sentiment analysis into one often accurate conclusion about the markets. www.midastouch-consulting.com

Analyst’s Disclosure: I/we have a beneficial long position in the shares of XAG-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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